NASDAQ:MRVL - Marvell Technology Group Stock Price, News, & Analysis

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$22.40 +0.66 (+3.04 %)

(As of 05/22/2019 09:09 AM ET)

Previous Close$21.74

Today's Range$21.93 - $22.62

52-Week Range$14.34 - $25.74

Volume15.33 million shs

Average Volume12.58 million shs

Market Capitalization$14.81 billion

P/E Ratio26.35

Dividend Yield1.10%

Beta1.11

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which comprise Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, embedded communication processors, and Ethernet adapters and controllers. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip (SoC) products, which are integrated into various end devices, such as enterprise access points, home gateways and voice assistants, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer SoC products and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.

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Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustrySemiconductors

SectorComputer and Technology

Current SymbolNASDAQ:MRVL

Previous Symbol

CUSIPG5876H10

CIK1058057

Webhttp://www.marvell.com/

Phone441-296-6395

Debt

Debt-to-Equity Ratio0.24

Current Ratio2.19

Quick Ratio1.76

Price-To-Earnings

Trailing P/E Ratio26.35

Forward P/E Ratio35.56

P/E Growth4.11

Sales & Book Value

Annual Sales$2.87 billion

Price / Sales5.17

Cash Flow$1.5977 per share

Price / Cash Flow14.02

Book Value$11.11 per share

Price / Book2.02

Profitability

EPS (Most Recent Fiscal Year)$0.85

Net Income$-179,090,000.00

Net Margins-6.25%

Return on Equity7.95%

Return on Assets6.01%

Miscellaneous

Employees5,275

Outstanding Shares661,348,000

Market Cap$14.81 billion

Next Earnings Date5/30/2019 (Confirmed)

OptionableOptionable

Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group announced a quarterly dividend on Friday, March 15th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.06 per share on Wednesday, April 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, April 2nd. View Marvell Technology Group's Dividend History.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group announced that its board has approved a share repurchase plan on Tuesday, October 16th 2018, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 7.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its quarterly earnings data on Thursday, March, 7th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.19 by $0.02. The semiconductor company had revenue of $744.80 million for the quarter, compared to analyst estimates of $739.88 million. Marvell Technology Group had a positive return on equity of 7.95% and a negative net margin of 6.25%. During the same period in the previous year, the firm posted $0.32 EPS. View Marvell Technology Group's Earnings History.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Thursday, May 30th 2019. View Earnings Estimates for Marvell Technology Group.

How can I listen to Marvell Technology Group's earnings call?

Marvell Technology Group will be holding an earnings conference call on Thursday, May 30th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8446475488.

What guidance has Marvell Technology Group issued on next quarter's earnings?

Marvell Technology Group issued an update on its first quarter 2020 earnings guidance on Thursday, March, 7th. The company provided earnings per share guidance of $0.12-0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.23. The company issued revenue guidance of $630.5-669.5 million, compared to the consensus revenue estimate of $718.16 million.

What price target have analysts set for MRVL?

20 Wall Street analysts have issued 12 month target prices for Marvell Technology Group's shares. Their predictions range from $21.00 to $30.00. On average, they anticipate Marvell Technology Group's stock price to reach $25.7619 in the next twelve months. This suggests a possible upside of 15.0% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

What is the consensus analysts' recommendation for Marvell Technology Group?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 2 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

What are Wall Street analysts saying about Marvell Technology Group stock?

Here are some recent quotes from research analysts about Marvell Technology Group stock:

1. According to Zacks Investment Research, "Marvell’s liquid security products continue to gain momentum in the cloud market. Its next-generation ARM server processor — ThunderX3 — is expected to be a major growth driver. The company’s WiFi business is likely to return to growth from the second quarter of fiscal 2020. Estimates have been stable lately ahead of the company’s fiscal first-quarter release. Shares have outperformed the industry year to date. However, Marvell is hurt by poor performance of the networking and storage businesses. Low demand for storage controllers due to fall in cloud capital spending and CPU shortages hurt its top line. Tight inventory control by customers due to demand shift from product consigned to vendor-managed inventory arrangements is also a concern. Moreover, the company depends on some big customers for a substantial portion of its net revenues, exposing it to customer concentration risk." (5/8/2019)
2. Needham & Company LLC analysts commented, "MRVL’s F4Q19 results were in line with revised guidance, but F1Q20 guidance was below expectations. Storage and Networking are expected to decline again Q/Q in F1Q20 driven by the weak macro environment and inventory digestion by cloud customers. Reflecting improving bookings post CNY and the 5G ramp with Samsung in F2H20, MRVL believes F1Q20 will represent the revenue trough. MRVL believes it undershipped HDD end market demand in F4Q19 and will again in F1Q20, setting up a possible recovery in F2Q20. MRVL announced it is engaged with a 2nd tier-one base station OEM for a 5G design based on a custom Fusion-M, which should sample in early FY21. While we lower estimates, we maintain our $23 PT (~18x our CY20 NG EPS est.) and are buyers on weakness given MRVL’s valuation and 5G growth opportunities." (3/8/2019)
3. Rosenblatt Securities analysts commented, "We caught up with Marvell management at CES. Key Takeaways The storage pause (HDDs and SSDs), continues to be viewed as a 2 -quarter dynamic driven by macro economy factors, x86 CPU shortages at Intel (INTC: Sell), and deceler- ating CapEx spend in the data center markets. Management’s bullish stance mid to longer term is based on key storage wins at major hyperscale players in both HDD and SSD areas, HDD pre-amp share gains, and visibility for more wins in high capacity enterprise storage products. Marvell reiterated the notion that its biggest growth driver in the next few years is 5G base-stations due to dollar content expansion to nearly $3K per box from ~$700 per box in 4G." (1/10/2019)

Has Marvell Technology Group been receiving favorable news coverage?

Media stories about MRVL stock have been trending somewhat positive on Wednesday, according to InfoTrie. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Marvell Technology Group earned a news impact score of 1.3 on InfoTrie's scale. They also assigned news stories about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future.

Are investors shorting Marvell Technology Group?

Marvell Technology Group saw a increase in short interest in the month of April. As of April 30th, there was short interest totalling 44,307,689 shares, an increase of 2.3% from the April 15th total of 45,369,613 shares. Based on an average daily trading volume, of 15,355,854 shares, the days-to-cover ratio is presently 2.9 days. Approximately 7.0% of the shares of the company are short sold. View Marvell Technology Group's Current Options Chain.

Who are some of Marvell Technology Group's key competitors?

Some companies that are related to Marvell Technology Group include Applied Materials (AMAT), Micron Technology (MU), Analog Devices (ADI), NXP Semiconductors (NXPI), Advanced Micro Devices (AMD), Xilinx (XLNX), TOKYO ELECTRON/ADR (TOELY), Kyocera (KYOCY), Infineon Technologies (IFNNY), Microchip Technology (MCHP), Maxim Integrated Products (MXIM), STMicroelectronics (STM), Skyworks Solutions (SWKS), ASE Technology (ASX) and ON Semiconductor (ON).

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Alibaba Group (BABA), QUALCOMM (QCOM), Bank of America (BAC), Applied Materials (AMAT) and salesforce.com (CRM).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the folowing people:

Mr. Matthew J. Murphy, Pres, CEO & Director (Age 46)
Ms. Jean Hu, Chief Financial Officer (Age 56)
Mr. Neil Y. Kim, Exec. VP & CTO (Age 60)
Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 59)
Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 61)

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include FMR LLC (14.96%), BlackRock Inc. (6.99%), Wellington Management Group LLP (4.78%), Boston Partners (1.91%), JPMorgan Chase & Co. (1.63%) and FIL Ltd (1.60%). Company insiders that own Marvell Technology Group stock include Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Sehat Sutardja and Syed Ali. View Institutional Ownership Trends for Marvell Technology Group.

Which institutional investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Swedbank, TD Asset Management Inc., Victory Capital Management Inc., Wedge Capital Management L L P NC, Nordea Investment Management AB, Morgan Stanley and Hsbc Holdings PLC. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Mitchell Gaynor and Syed Ali. View Insider Buying and Selling for Marvell Technology Group.

Which institutional investors are buying Marvell Technology Group stock?

MRVL stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Wellington Management Group LLP, BlackRock Inc., FIL Ltd, JPMorgan Chase & Co., Janus Henderson Group PLC, Frontier Capital Management Co. LLC and State of Wisconsin Investment Board. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $22.40.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $14.81 billion and generates $2.87 billion in revenue each year. The semiconductor company earns $-179,090,000.00 in net income (profit) each year or $0.85 on an earnings per share basis. Marvell Technology Group employs 5,275 workers across the globe.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is http://www.marvell.com/.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]

MarketBeat Community Rating for Marvell Technology Group (NASDAQ MRVL)

Community Ranking:		2.5 out of 5 ( )
Outperform Votes:		1,102 (Vote Outperform)
Underperform Votes:		1,081 (Vote Underperform)
Total Votes:		2,183

MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 5/22/2019 by MarketBeat.com Staff